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closing at 12:30. the nordic markets all closed for trades today. italy closed for trade. the smi closed for trade. we've got the ftse 1100 a couple of points higher. the cac and the ibex 35 just off marginal marginally, as well. i would like to show you what type of performance we've had on a year-to-date basis. rising somewhere in the region of 15% since the beginning of this year. you will note that we have had had a bit of a rally heading towards december. the question is whether we'll see that continue into next year. looking at a slightly broader base, the 600 index here, year-to-date higher by 15%, as well. europe's largest economy, the german market seeing some pretty significant gains as well as the dow jones stocks 50 up by 50%. so this brings its up, can it really continue next year? that's when you want to glance at barons, indicating over the weekend you could be looking at a rally. 20% next year. they singled out a number of stocks that they mentioned next year. by the way, andrew one look like one of the little elves in denmark dressed in my parents' garden. it's very swee
that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> right. >> i think president obama or any politician in the u.s. would love to have those terms up. >> right. he wants the terms. no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big money will line up behind him. we see the reactions when berlusconi was on the rise for those two days the bond market got trashed again in italy and he's been out there talking this morning anyway. >> switching g
to the farmer's market in italy in the morning and get the vegetables they had and the day you came is what they had. >> zucchini, tomatoes and that's it. whatever pasta she had in the cupboard. so we sauteed the zucchini in olive oil and garlic. >> and we added some cut-up roma tomatoes. >> and add a little pasta water. it creates its own broth. it makes the flavors come together. >> brings it together and you can see on the bottom of the pan there's a little bit of orange color and that's just the broth. >> with the tomatoes and everything. >> i'm going to add this, the rigatoni. add a little bit more pasta water if you like. mix it up. beautiful. look at that, steph. this reminds me of being in that apartment looking over the bay of terramina. a little pepper. a touch of salt. and that's all you need. >> go ahead. >> put it out there. oh!! delicious! and i sat and ate this on your balcony and i like what you added on the very top. >> a little bit of mozzarella. >> shredded mozzarella right on top of there. it brings it all together. perfect. >> stephanie, let's go back to sicily now. bye
%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt no
the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback fo
with saving italy from a financial meltdown after stepping into the prime minister's role following the resignation of silvio berlusconi. monti's resignation sparked concern italy may slip back into a recession. president obama and member hers of the senate will gather today to say good-bye to
was a recipient of the medal of honor. he was wounded during combat in the po valley in italy, a short time and short distance away from where a young bob dole was also hit in combat. dole almost lost his arm. inouye lost his. while recuperating after the war, the two men struck up a lifelong friendship, served in the senate, of course, together. inouye was given the nation's highest military decoration. he was son of japanese immigrants who volunteered for service in the war and dedicated his life to public service in this country. he was a huge power in the senate on military issues. he was part of both the watergate and iran contra committees. the senior man, senior democrat in the senate, dan inouye of hawaii, was 88 years old. >>> congressman tim scott of south carolina is reportedly about to become the first black senator from the south since reconstruction. the governor of south carolina, nikki haley, has chosen scott to replace senator jim demint. scott is 47, he has a strong conservative voting record. the official announcement apparently comes tomorrow. there are four years remain
of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are things they're watching. >> mandy drury at the new york stock exchange, thanks. >>> someone sign this kid up. this is christian balkner, giving the tampa bay buccaneers cheerleaders a run for their money. check him out. ♪ >> he is good. they call christian little steer, named after the mascot captain steer. in case you're wondering, yes, he can definitely teach you how to dougie. he is good. >> who are you talking about? oh, there was a little boy there also? >> nice, matt. >> when you said check this out, these guys -- >> in about eight years, that kid will be not be -- >> turning around a lot. >> al roker has your forecast. al? >> thank you so much. we've been talking about this system. first of all, it dumped a ton o
with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in t
.s. government in world war ii and was recognized for gallantry and leadership on the battlefield in italy. in that battle, young lieutenant inouye lost his right arm. while recovering from his wounds, he be friended a young soldier, a guy by the name of bob dole, a guy who he would partner with years later. in a same, bob doled called inouye one of the senate's giants. he pushed for hawaii statehood, became the state's first owed voting representative, taking his seat in congress on august 21st, 1959, the same day hawaii became a state. he was the first japanese american who serve in congress. he was elected to the senate in 1962 and he served there ever since. inouye served a lifelong bipartisan friendship with a newby senator, a guy by the name of alaska's ted steven. the two called each other brothers. inouye took part in two of the biggest senate hearings in the 21st century and became a familiar face to many americans. first, there was watergate. >> the committee to re-elect the president and file a report with the government accounting office indicating that the committee had a surp
of the year and honored with that last year? >> honestly, i tell everybody that i was a big star in italy. it was amazing. the last month and a half it was a quarter of a million dollars for my own charity, which is amazing. and a new program this year, which is my passion, as you know, feeding the kids, but now it is time to move out of motel family from one room to a two-bedroom apartment. an up-to-date we have already moved 21 families. >> reporter: 21 families living in hotels now have a place to call home. bruno, i have to give you a high five on that one, that's good stuff. these types of stories like bruno's will be mirrored so many times on stage tonight here at heroes. this is one of the really -- i cover so much here in hollywood, so many award ceremonies, but this is the one you come out of with a smile on your face, you feel empowered and feel inspired. and it just makes you feel good, doesn't it? >> i have to say, ciao, momma! >> bruno is an amazing chef. there are some hungry adults here and we'll take his food as well because we love it. thank you so much, bruno and michell
for actions he took in italy in 1945 as a member of the legendary 442 combat team composed entirely of japanese americans. may senator inouye rest in peace. >>> now back to some stock market work. stocks continue to discount a fiscal cliff solution of some kind. as i've suggested, they're reacting positively. how about a little optimism on that story? up next, some optimism. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at ov
that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a fre depression? we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying an etf that mimics china. finally there's apple. we've become addicted to apple. we are deeply focused on its decline whic
? we believe that every time italy and spain would have to raise money, do those deals, interest rates would shoot through the roof, bankrupting all involved, sovereign countries, companies, banks. instead, by letting cooler heads prevail through can kicking, smart private sector investors kicked the tires, not the cans, and they bought the debt. hit home runs every time they did. as rates came down hard, courtesy of bank backstop that did work. the europeans realized if they stopped the can kicking game cold like so many investors claimed they had to do, well, europe would go into severe depression. they didn't want that kind of austerity, their leaders bought time by kicking the can and that's what was most needed, time. they bought time. how well did it work? considering rates are not only not dramatically higher, they're dramatically lower, and the euro right now, strongest currency in the world. hmm, i thought the euro was supposed to vanish by this time with the secret sellers around the country. i thought greece was supposed to be kicked out of the union. instead, my advice, do
. the two met in a hospital in italy in the 1940s and senator inouye often credited his republican friend with getting him into politics. former senator elizabeth dole kissed her hand and touched the casket then senator bob dole saluted his old friend and colleague one final time. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around
that was in terrible shape to begin with and i think you have a lot of austerity fatigue going on spain, italy, portugal, certainly greece. so you have those economic woes. the euro is not going to thrive and it may survive thanks to the ecb, but you're not going to get that economy to thrive, and the fiscal union ask those are very slow going and though they may be moving quickly by european standards and i've been given the magnitude of the problem going very slowly. >> how should people be thinking about this? the average american, and they've been hearing about it for so long and they're not sure it will affect their pocketbook. do you think they will? >> and there's this incredible chance that greece will leave and the dominos will begin to fall. i think that's unluikely to happen as long as the ecb is willing to support that currency, but will it thrive? will those economies boom? i don't think so, i think it will be another year of recession and you will find individual opportunities and the stock picker's market and far as it's a strong growth, they're not there yet. >> thanks so much
in a wheelchair. on april 14, 1969, the same date he was injured in the hills of italy 24 years earlier, he made his maiden speech on the topic of americans with disabilities. in every legislative initiative since then, bob dole has been a leader on behalf of people with disabilities. bills like the rehabilitation act of 1973, the individuals with disabilities education act, idea, the developmental disabilities act and the americans with disabilities act. he was responsible for including people with disabilities in the telecommunications act of 1996, and for ensuring that people with disabilities are part of the state department's annual report on human rights around the world. after leaving this chamber, bob dole prompted the congress to pass the ticket to work and work incentives act of 1999, breakthrough legislation on health care and employment for people with disabilities. this past year, he has been instrumental in working with the administration and congress to ensure bipartisan support for the convention on the rights of persons with disabilities to reflect american leadership and values
into another recession. thirty-two people dead, including two americans off the coast of italy. when the cost of concorde a cruise ship runs aground >> more than 79 people killed and 8000 injured. a district court says that they would like to oust president hosni mubarak to life in prison. and mohammed morsi, of the muslim brotherhood party takes charge for it in november, he grants himself absolute power that brings thousands of protesters to the streets of cairo, egypt. three members of a russian all-female punk band stage a protest against vladimir putin are sent to jail for hooliganism. inciting worldwide protest and demand for the release. rupert murdoch launches into the successor role of news of the world. president bashar al-assad and a cease-fire agreement, negotiated by former u.n. secretary. tens of thousands of people killed since march of last year. the death toll continues climbing almost daily. green on blue insider attacks increasing in afghanistan. one in 50 u.s. and international soldiers killed this year by their afghan partners. it is pop and circumstance for great britain
trayvon. >> this disaster developing off the coast in italy. >> the captain under house arrest. >> what would you like to say to that captain this morning? >> what a coward you are. >> 45 guilty counts. >> didn't you have a moral obligation? >> at the time, when i heard the word horseplay and asked if there was anything more than that, and the answer was no, i didn't think of anything more than that. >> there is no one else responsible. >> was there anything more you needed to hear from the prosecutors? >> i felt like the evidence just wasn't there. >> the cia director david petraeus, forced to resign. >> the explosive affair that's rocked washington. >> the woman at the heart of the investigation. >> let's do this. >> facebook will start trading under the simple f.b. >> you don't think the essence of the company is going to change at all? >> it's our job not to. >> what? >> the director and narrator of the viral senation "kony 2012" rampages and incoherent. >> banning him for life. saying there's no place in cycling for lance armstrong. ♪ and i >> off you go, whitney. off you go. >>
from florence italy to ft. lauderdale, florida, airbnb is looking for you. this online marketplace helps you rent a room or a house, and it is cheaper than most hotels. >> customers love it. some homeowners say it's helped them avoid foreclosure, but airbnb also had trouble with the law. we'll meet the founder and ceo. there he is. next on "cbs this morning." >> ♪ >>> airbnb is changing the travel business big time the same way that craigslist shook up classified ads. the website connects people who want to rent out a living space to travelers who need a place to stay. so, in just four years, airbnb has grown into one of the world's largest online marketplaces. co-founder and ceo, that would be brian chesky is here in studio 57. hello, brian chesky. >> hello. >> and congratulations to you. >> thank you. >> this is so cool. so, it's my understanding this company started, as many companies do with a personal issue for you that you were traveling to solve. >> yeah. i was living in san francisco with my roommate, joe, and we didn't have enough money for rent
wreck of the giant cruise ship costa concordia off the coast of italy. >> everybody was screaming out. all the passengers were running up and down. >> reporter: 32 people lost their lives. on an evening last february, 17-year-old trayvon martin was shot and killed in sanford, florida. >> he's been taken away from us. nothing can bring him back. >> osgood: neighborhood watch volunteer george zimmerman was charged with second degree murder. in march, the census bureau estimated that the world's population had hit the seven billion mark. up one billion from just 13 years ago. april saw the new one world trade center tower overtake the empire state building to become new york's tallest sky scraper. when completed it will be the tallest building in the united states. in may, people around the world were treated to a super moon. a full moon that looked all the larger because it was at its closest point to earth. in june, the supreme court upheld president obama's health care plan in a 5-4 ruling. >> 3:15 and 3:14 for a shooting at century theater. >> reporter: july saw a mass shooting at an
grenade. oh, well. our premature exhilaration of the year. ricardo russo in italy celebrating his win. way to go. except for one minor detail. there was one lap to go. he finished 14th. our rabbit ears of the year in daytona. the music intern playing "three blind mice" for the umpires. not amused. throws the music guy out of the game. you're out of here. and here's our shot of the year. michael phelps decided to take up golf. he had this little gimme putt in scotland. ♪ >> wow. >> seriously? crazy. >> that's just not fair. he can't be good at everything. >> he has to be our athlete of the year. is there anything he can't do? >> he's incredible. >> clearly he should try golf next. >> thank you, lenny. >> never seen an organist thrown out of a game before. >> everybody, three cheers for lenny. >>> coming up next, "today's" take three. >> this is wbal tv 11 news today in baltimore. >> good morning. i am jennifer franciotti. negotiations between the longshoremen and the u.s. maritime alliance are not going well. port workers could go on strike if an agreement is not reached sunday support --
] the charmed memories collection at kay jewelers. each charm is hand-crafted in italy, and with hundreds of charms to choose from, the possibilities are endless. turn your special moments into charmed memories. one more reason kay is the number one jewelry store in america. these are for me, right? ♪ every kiss begins with kay >> a mix of rain andn sleet then changing over to all rain. icy roads >>> natalie and willie, over to you. >>> thank you, maria. coming up are you being watched? why the mannequin you're checking out at the mall could keep an eye on you. >> that's creepy. >>> a rare look inside the queen's wardrobe from her ma s majesty's royal dresser. first, this is "today" on nb mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >
minister of italy, he comes out with a package two thirds tax hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contributions. >> cappin
. for example italy managed to auction some debt today, the longer end of the market. and there was no great move. can we have a look at that? there was no great move of the ten-year yield as a result. maybe we'll come back in a moment. let's just focus on the close out. >> the european markets are closing now. >> it is negative territory as you can see. the fiscal cliff of course plays a part in that taking some of those -- in many senses you could call it profit taking -- not in the case of spain where you see a major underperformance. >> let me say the german finance minister suggested he thought the worst of the eurozone crisis is now past. he said the government in athens knows it cannot financially over burden the rest of the eurozone countries and is acting as it should. he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happeni
. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just -- i don't know. i hesitate to say the word ridiculous, but it's just ridiculous to watch. so market participants, the short-term market participants are on the sidelines. i think we're looking at about a 12-month
found humanity. ben wedeman, florence, italy. >> you will have to head to paris where it's hanging at the museum. >>> you're in the situation room. happening now, cooking up an explosive recipe for war. a bomb maker fighting the homemade grenades. plus, supreme court justice incites political controversy with comments that some consider rather anti-gay. >> and disturbing new allegations about the owner of the plane that crashed the superstar latina. i'm wolf blitzer. you're in the situation room. >> he was the elite of the elite. soaring to the top of the u.s. special forces unit known for taking out osama bin laden and achieving a near lifelong goal many could only dream of training for. now we're learning more about the u.s. navy s.e.a.l. who died in that successful mission to rescue an american held captive in afghanistan. brian todd is in that navy s.e.a.l.'s home town. what are you learning about him? >> reporter: people in this town of north huntington and adjoining town of irvin are reeling from this loss. they say the focus and determination that nicolas checque demonstrate
this morning with breaking news from italy. >> a massive cruise ship, the costa concordia, turned on its side after running aground in january. 32 passengers and crew were killed, the captain says it was an accident, not a crime, but he now faces charges. the ship's captain is being investigated for manslaughter and abandoning ship. he claims he tripped and fell into a lifeboat. the sentencing of jerry sandusky. >> carol, jerry sandusky will die in jail. >> a judge sentenced the 68-year-old former penn state assistant football coach to at least 30 years in jail after he was convicted of 45 counts of child sex abuse. despite the mountain of evidence against him, sandusky continues to proclaim his innocence. he's in the process of appealing his sentence. number three, the shooting of unarmed 17-year-old trayvon martin. >> my son left stanford, florida, in a body bag while george zimmerman went home to go to sleep in his own bed. >> accused gunman george zimmerman claims self-defense in a case that sparked international outrage and ignited racial tensions. trial is set for june. number two -- >>
a right hand at that point. he'd left it knitly, fighting for -- he'd left it in italy, fighting for this country. he broke barriers large and small throughout his life. but one of the things i loved about him was i saw that relationship with ted stevens. i still remember their desks were right across the aisle from one another. i remember them working and working and working together an owl kinds of legislation -- on all kinds of legislation. and they were brothers. and, you know, their love and friendship transcended partisan divide certainly, but also really they were totally for the national interest. and i think they set a great example for all of us, how we can work together. they didn't always agree. if you look at their voting record, they voted opposite each other a lot of times, but they worked together and they had an exemplary relationship that i think we can all follow. mr. president, i just want to say one or two more words. then i know i have other colleagues here that want to speak. we had senator inouye come to the senate prayer breakfast a few months ago. for th
harry reid. a tribute to his live 88 years. >> after being gravely wounded in italy inouye's arm was amputated. he spent 21 months recuperating from his wounds in an army hospital in michigan. during there he met a lifetime friend, future majority leader bob doyle, another young g. i. also wounded in the european theater. senator dole told senator inouye he bland to go to law school and eventually serve in congress. dan inouye what's elected to congress in 1959 as hawaii's first congressman. bob dole what's elected to congress a year later. senator inouye always joked, i went with the doyle plan and i beat him. three years later dan inouye what's elected to the senate and he's been a soft and powerful voice for the people of hawaii ever since. although senator inouye was an unabashed progressive democrat he always put his country first and his party second. dan was a vibrant and vital presence in the senate, and in death he will remain a legend. his last words on earth, aloha, and it's with a heavy heart that i and we bid aloha, goodbye, i love you to a friend and legend of the s
in italy. now our sources tell us, tell fox news, that three requests were made by those people who were under fire and lost their lives for help, for a rescue, for something. they even painted a laser target on the enemy that was shelling them. and nothing happened. three requests were turned down. petraeus said it wasn't the cia that turned that down. does that mean it was the president? >> we want to find out and only by having secretary clinton appear before our committee sometime before mid-january will we be able to know. what did she know and when did she know it? was she given real-time intelligence? remember intelligence reports were coming, even before 9/11, to say this is a soft target. this is easy picks. there are extremist elements all around this consulate. why were those security requests denied. gregg: right. >> and then on that day for seven hours we couldn't even scrap bell one jet to show support? there had to be a much better way. gregg: "the american spectator" wrote, obama's fingerprints is all over this refusal. no one in the cia command --, failure has to be obam
, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a d
investors, not so sure. i wanted to show you the italian curve, italy and spanl wrapping up their fund-raising for the year. their auctions weren't all of that huge, but we are seeing yields fall, prices rise across the board as investors did show up. if we flip over to spain in particular, we can take a look at the three-year over here. a bid to cover ratio of 4.8%. one indication certainly of the kind of indications there are where the ecb is expected to be the most active if and when these countries have to access their bailout programs. now we're seeing prices in spain sell off a little bit. the ten-year, just under 5.4% is the level there. for the longer dated papers, investors are a little bit more wary. now, that news coming out of the euro group meeting, i wanted to show you the euro/dollar as we wrap up today's global market support. it's still down .1%, 1.3056. that would tell you that the resolution is largely priced in. now as focus moves into the start of next year, a couple of the key questions will be how much mario draghi follows ben bernan bernanke's caps, maybe even c
, italy, france and the uk. this comes one day after a federal judge denied a request by apple to ban u.s. sales of samsung smart phone models. the devices in questions are the ones that a jury back in august say illegally used apple technology. at that time apple had been awarded $1.1 billion in damages. >>> the markets, dow looks like it will open up about $68 points higher. s&p up about 10 points, the nasdaq up 22.5 points coming on some of this news that we may be getting closer on the fiscal cliff. let's check out what's going on in asia. hang seng was down off marginally. shanghai composite up marginally and the nikkei up as well. quickly in europe, you can take a look at what's going on there. the ftse up about 0.38%. cac flat, and the german dax up about 0.5. >> the white house is proposing a new deal to avoid the fiscal cliff. let's get to steve liesman with more of the details. >> you're surprised, aren't you? >> isn't it happening. >> soon as they want it done they can do it. >> you said it this morning. it's a fictitious thing. we're going to show you the movement in just a
in italy, germany is down by .9%. >> of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. an attempt by house speaker boehner to avoid that class and pass the so-called plan b tax bill. that failed. the measure that would have kept current tax rates for those making less than $1 million a year. it never even made it to the house floor. speaker boehner is scheduled to hold a news conference about an hour from now. of course, we'll bring that to you live. >> here we are. >> here we are once again. >> there was no real plan b. there was no real possibility of this. the republicans, the vast majority signed a pledge, they will not vote for tax increase. who would think they would suddenly turn around and vote for a tax increase. they pledged not to. >> the speaker said they might. >> i don't care. >> unless it's some sort of a plan to show how he's really -- you know, you've got to negotiate harder. because look what i'm dealing with. >> these guys -- do you suddenly think they're saying, all of a sudden we're for taxes. no tax i
fortifications in northern italy. the valor, courage, selflessness and determination that he displayed during the battle are the stuff of legend. and this would later earn him the congressional medal of honor. during this attack, he sustained serious permanent injuries that served as a constant reminder of his sacrifice for our country. senator inouye began his political career as a member of a wise territorial house of representatives -- as a member of hawaii's territorial house of representatives in 1954. almost immediately his colleagues tapped him as the majority leader of that body. his tremendous leadership ability was already apparent then. he then ascended to the territorial senate in 1958 and became hawaii's first u.s. congressman with the tkpwrafpbgt statehood in 19 -- granting of statehood in 1959. three years later he became a member of the u.s. senate elected a staggering nine consecutive terms, continuing to serve until his death this week. i believe his effectiveness as a senator and his devotion to his state that no challenger ever mounted a serious threat for his seat. throug
the aviation business of italy's avio for $4.3 billion. ge is trying to expand its participation in the jet propulsion market. they were once owned by fiat and is now controlled by a european private equity firm and research in motion reported a smaller than expected also for its latest quarter. the stock is under pressure as the company saw its first-ever drop in its subscriber rolls and said it would be changing its fee structure. that is something that brings in more than a third of the nephew. it's been seen as the one real stable piece of that business. we do have the ceo thorsten heins. he'll be joining us in just about 30 minutes to talk more about this. >> there's only ten days left now to prevent automatic tack hikes and spending cuts. joining us from washington, republican congresswoman shelly moore capito. were you privy to everything that was happening yesterday? >> i was shocked when we went into the conference at 7:45 and the speaker, after offering this serenity prayer, said merry christmas, you're going home, we're not putting the vote up, we don't have the votes. i was disa
.s. and in the country around the country, i have different sparkling wines. i have chandon, proseco from italy. >> juliet: with a little straw there. >> fun minis. >> juliet: for people who have no desire to make their own drinks. thank you very much. we'll get all this information out on our web site. >> cocktailguru.com. >> juliet: thank you so much. we're going to take a quick break. we'll be back in two minutes. stay with us [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. . . with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... grea
in italy, at vatican city, the pope talked about this as well, paying special honor that in his homily in the masses at the vatican expressing his sadness and regret. when you look at a situation like this, we're trying to find answers and we don't have answers. police are trying to put everything together but there were heroic teachers who acted so bravely to save the lives of their students. so many of them coming their rescue. >> victoria soto probably one of of the best stories to emerge out of the horror there at sand hook. she was 27 years old, a dedicated young teacher, a beautiful young gwhat she appark all of the students and -- these details are still emerging. from what it appears she told her students to go in cubbies or cabinets and went the shooter approached her, she told the shooter her students were gone to the gym or library and paid for it with her life but protected the entire class. >> even people who don't know her heard the story of how her first graders were able to survive so at a vigil, people were talking about her. >> i didn't know her at all, but i'm a mom
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